2012 Mitsubishi Lancer Insurance Quotes – 9 Ideas for Cheaper Rates

If you are new to getting insurance quotes online, it’s easy to get overwhelmed by the vast assortment local agents and online companies selling insurance.

How to get low cost insurance coverage

There are multiple methods to compare insurance coverage prices but one way is less time-consuming than others. You can spend your afternoon talking about coverages with insurance agencies in your area, or you could use online quoting to get prices fast.

Many of the larger companies participate in an industry program that enables customers to enter their policy data once, and each participating company then returns a price quote based on that data. This saves time by eliminating form submissions to each individual insurance coverage company.

To compare pricing click here to open in new window.

The only downside to pricing coverage this way is that consumers can’t choose which providers you want pricing from. So if you prefer to choose specific providers for rate comparison, we have assembled a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

Take whichever approach you prefer, but be sure you’re using equivalent coverages and limits on every quote you get. If you are comparing different data it will be impossible to truly determine the lowest rate. Even a minor difference in coverage limits can result in a big premium difference. Just keep in mind that obtaining a wide range of quotes helps increase your odds of locating a lower rate. Some insurance companies are not set up to provide prices over the internet, so it’s important to also get price estimates from the smaller companies as well.

Insurance policy discounts you can’t miss

Properly insuring your vehicles can get expensive, but you can get discounts that you may not even be aware of. Some of these disounts will be visible when you purchase, but lesser-known reductions have to be manually applied before you will receive the discount.

  • New Vehicle Savings – Insuring a new car is cheaper because new model year vehicles are generally safer.
  • Theft Prevention System – Cars and trucks optioned with advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
  • Paperless Signup – Some of the larger companies will provide an incentive just for signing your application on the web.
  • Senior Citizen Discount – If you qualify as a senior citizen, you may qualify for better insurance rates on Lancer coverage.
  • Distant College Student Discount – College-age children who are attending college and won’t have access to an insured vehicle can receive lower rates.
  • Student Driver Training – Require your teen driver to enroll in driver’s education in high school.
  • Defensive Driver Discounts – Passing a defensive driver course could earn you a small percentage discount depending on where you live.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a break if you buy some life insurance too.
  • Accident Forgiveness Coverage – Not a discount per se, but companies like Allstate and Geico will forgive one accident before raising your premiums if you are claim-free for a particular time prior to the accident.

Consumers should know that some credits don’t apply to all coverage premiums. A few only apply to specific coverage prices like physical damage coverage or medical payments. Despite the appearance that all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

A few popular companies and their offered discounts are shown below.

  • The Hartford may include discounts for bundle, vehicle fuel type, good student, driver training, defensive driver, and air bag.
  • American Family offers discounts for bundled insurance, Steer into Savings, accident-free, good student, early bird, and good driver.
  • Progressive has savings for continuous coverage, homeowner, multi-vehicle, multi-policy, online quote discount, and good student.
  • Travelers may have discounts that include payment discounts, home ownership, student away at school, good student, hybrid/electric vehicle, save driver, and new car.
  • Farmers Insurance policyholders can earn discounts including pay in full, multi-car, switch companies, homeowner, teen driver, and electronic funds transfer.
  • USAA offers discounts including new vehicle, vehicle storage, driver training, military installation, multi-policy, safe driver, and annual mileage.
  • Liberty Mutual includes discounts for multi-car, newly married, exclusive group savings, newly retired, and good student.

If you want cheap insurance quotes, ask every insurance company which discounts they offer. A few discounts may not apply to policies in your area. If you would like to see a list of insurance companies with the best insurance discounts, click here.

Insurance agents can help

When buying adequate coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

These are some specific questions may help highlight if you would benefit from professional advice.

  • Is my 2012 Mitsubishi Lancer covered for flood damage?
  • Is there coverage for injuries to my pets?
  • Where can I get insurance after a DUI in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Can I rent a car in Mexico?
  • Why am I required to buy liability insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Are my tools covered if they get stolen from my vehicle?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form.

Is there deception in advertising?

Popular auto insurance providers such as Allstate, Geico and Progressive constantly bombard you with television, radio, and online ads. All the companies make the point that people will save if you switch your coverage. How do they all charge less that you’re paying now? You have to listen carefully.

All companies give the best rates for a prospective insured that will be a good risk. A good example of a driver they prefer could be over the age of 40, is a homeowner, and drives less than 5,000 miles a year. Anybody that matches those criteria receive the lowest rate quotes and will save some money.

Consumers who do not fit the requirements will probably have to pay a higher rate and this can result in the customer buying from a different company. If you listen to the ad wording, they say “people who switch” not “everyone who quotes” save that much money. That’s the way insurance companies can make the claims of big savings.

Because of this risk profiling, drivers should do a quote comparison often. Because without a comparison, you cannot know which auto insurance company will fit your personal profile best.

Insurance policy specifics

Having a good grasp of a insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like rock chips in glass, damage from flooding and vandalism. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like rehabilitation expenses, hospital visits, doctor visits, dental work and nursing services. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability insurance will cover damages or injuries you inflict on other’s property or people. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like pain and suffering, attorney fees, structural damage, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Collision insurance

This coverage covers damage to your Lancer from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Have money to burn

Cost effective 2012 Mitsubishi Lancer insurance can be found on the web in addition to many insurance agents, and you should be comparing both to have the best rate selection. Some insurance providers do not offer the ability to get a quote online and most of the time these small, regional companies provide coverage only through independent agents.

Drivers leave their current company for many reasons like unfair underwriting practices, extreme rates for teen drivers, delays in paying claims and even policy non-renewal. It doesn’t matter why you want to switch finding a great new company can be less work than you think.

We just covered quite a bit of information on how to compare 2012 Mitsubishi Lancer insurance rates online. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the most savings is with some of the lesser-known companies.

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